Encompass Health Rehabilitation Hosp
dba Encompass Health Rehabilitation Hospital Of Fredericksburg ·
Fredericksburg, Spotsylvania County, VA
· CCN 493032
Licensed to Encompass Health Rehabilitation Hospital Of Fredericksburg, Llc
Composite
37.4
rank score
Distress
7
FY2024
Fit
81
vs thesis
Estimated ticket
$18.9M–$75.4M
58 beds ·
within envelope
Ownership
for-profit
RH
Why it ranks here
- 90-150 days cash on hand
- margin slipping
- part of a multi-hospital chain — divestiture candidate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size somewhat below the envelope
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
Latest financials · FY2024
| Net patient revenue | $34.3M |
| Operating margin | 17.7% |
| Total margin | 17.8% |
| Days cash on hand | 118 |
| Current ratio | 7.86 |
| Occupancy | 90% |
Facility
| Beds | 58 |
| Facility type | RH |
| Setting | urban |
| Ownership class | for-profit |
| Per-bed (low) | $325K |
| Per-bed (high) | $1.3M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 58 | $31.4M | $5.7M | 18.1% | 18.1% | 119 | 8.47 | 91% | 1,521 | 4 |
| 2022 | 58 | $32.0M | $4.4M | 13.8% | 13.9% | 105 | 6.09 | 92% | 1,548 | 9 |
| 2023 | 58 | $32.1M | $5.8M | 17.9% | 18.0% | 134 | 10.00 | 90% | 1,643 | 4 |
| 2024 | 58 | $34.3M | $6.1M | 17.7% | 17.8% | 118 | 7.86 | 90% | 1,675 | 7 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Encompass Health Corporation | 5% or greater indirect ownership interest | 100 | 2014-10 | chain |
| Encompass Health Owned Hospitals Holdings Llc | 5% or greater direct ownership interest | 100 | 2014-10 | |
| Truist Bank | 5% or greater security interest | 100 | 2026-03 | |
| Vanguard Group Inc | 5% or greater indirect ownership interest | 10 | 2023-12 | |
| Blackrock Inc | 5% or greater indirect ownership interest | 9 | 2023-12 | |
| Anand Murthy | w-2 managing employee | 2023-11 | ||
| Carey Mcrae | operational/managerial control | 2025-01 | ||
| Carey Mcrae | other | 2025-01 | ||
| Encompass Health Corporation | operational/managerial control | 2014-10 | chain | |
| Mark Tarr | operational/managerial control | 2017-01 | ||
| Robert Mccallum | operational/managerial control | 2025-01 | ||
| Robert Mccallum | other | 2025-01 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in VA
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2017-06-01 | Coastal Virginia Rehabilitation Llc | Rehabilitation Institute Of Virginia Inc | Riverside Rehabilitation Institute | 50 |